Lehigh Valley Community Land Trust

Lvclt acquires homes and their respective properties through a variety of channels, renovates these homes in an energy-efficient manner and sells the homes to income qualified applicants in its program. The Land is held permanently by the organization to ensure perpetual affordability. Unlike many other home providers, lvclt is committed to promoting long-term self- sufficiency and success with homeowners. Homeowner support is provided both before and after the purchase of a home. See schedule o for additional information. Developed and implemented a new model of homeownership, where permanent affordability and owner-occupancy are preserved by deed restrictions rather than a ground lease. This will allow Land Trust homeowners to own both the home and the Land. Revised the formula governing the resale of Land Trust homes to allow homeowners increased equity at resale, providing them greater access to the wealth-building potential of homeownership. These changes reflect the first major revision of the Land Trust program since its 2010 incorporation. The Lehigh Valley Community Land Trust is a separately-incorporated subsidiary of caclv.